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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Jul 18, 1913
Page
12
New York July 17 reports show mixed cotton prices with little activity in the cot ton market. The July contract closed up slightly while other months fell two to eight points amid weather concerns and selling pressure from near months. Spot prices remained steady with no sales.
A fragmented cotton price roundup shows various markets listing middling and steady readings across multiple ports. Notable figures include Charleston and Wilmington steady around 12 to 12 1/4, New York and Boston quiet around 12.35 to 12.95, and Philadelphia and Houston showing middling and steady trends with mixed receipts and shipments figures.
Reports of potential rains and cooler weather in the belt weighed on cotton futures. Traders noted moderate buying early, with selling pressure growing on bearish sentiment. Prices closed lower, with the market showing subdued demand and renewed speculative activity as forecasts suggested more unsettled weather.
Market notes show Wheat and Corn receipts and shipments across multiple ports with defendable figures. Livestock prices vary by weight and grade while rains and rainfall remarks touch southern states. Grain futures and currency notes include copper and tin futures and commodity quotes.
Chicago news reports large wheat arrivals totaling 1 465 000 bushels, the highest since 24 hours 1 340 000, amid bullish sentiment in the Squasheven pit. Corn rises modestly while oats follow, and hog prices push market higher on cash demand and strong support.
A rough corrected inventory lists many food and chemical items with prices and brands. Items include axle grease, mica inks, Curtase and ginger ale, candy, chocolates, baking powders, Arm and Hammer soda, Royal baking powder, flour, lard, ground coffee, and various starches. Many items show prices ranging from a few cents to several dollars and reference multiple brands and grades in a single jumble.
The report notes steady conditions in money and exchange with sterling quotes around 4.810 for sixty days and demand at 4.2. Government and railroad bonds hold steady. Cotton futures hit new highs on strong demand amid European inquiry, with prices closing a bit lower. Coffee and other commodities show modest moves with active trading.
Market notes show mixed dairy and poultry trade with July figures. Receipts include 60 cars of poultry and 10 turkeys in Chicago, 12 ducks and 28 turkeys in another listing, plus creamery butter prices and cheese steady in New York with 24, the delivery and station details unclear due to garbled OCR.
New York July 1 report notes market strength with weather favorable for a bumper cotton crop. Public interest subdued as heat moves the market, with declines in new crop futures and Liverpool expected to drop. Dry goods trade steady though novelty products rise while staples stay quiet and dress goods delay spring openings.
Trading in New York stocks closed with only slight losses for many leaders after an irregular day. The late stage saw weak petroleum issues and a general pullback following London declines and cautious bank lending as the crop moving season nears.
Paris weekly Bank of France shows gains in money in hand and circulation, Treasury deposits up, bills discounted up, advances down. Berlin Imperial Bank reports cash in hand up, loans and discounts down, treasury bills and circulation down, deposits up, gold reserves up. Bank of England notes reserves up, circulation down, public and city deposits rise and fall, rate held at 4 percent. Bombay discount rate cut from 4 to 3 percent. Paris and London rates and exchange figures noted for July.
London July 17 traders on the Stock Exchange reported mixed activity with declines in Mexican and Chinese securities amid political unrest and labor news. American securities opened weak but later recovered. overall turnover included gains in certain rail and financial shares while money and discount rates held firm.
A seat on the New York Stock Exchange sold for 37000 dollars today, one thousand dollars less than the previous sale, the lowest level in recent years. The sale underscores continued softness in exchange memberships amid uncertain market conditions.
Hleveth Minnesota July 17 The five men trapped by a cloudburst at Spruce mine Wednesday were rescued tonight. They located the imprisoned workers by tapping a pipe drilled 409 feet into the mine. After the initial signals, excavation intensified and all five were brought to the surface. They suffered greatly but are believed to recover.
Donalsonville reports a dramatic shooting at the Palace drug store as C H Mex formerly of Dothan shot and wounded J Mh Spooner of Marianna Fla. May fled the scene, was pursued by deputies and carried to Bainbridge. Spooner suffered stomach and arm wounds as authorities investigate motive linked to an automobile trade between May and Spooner’s relative.
Washington July 4. Majority Leader Underwood expects the tariff bill to become law by September 15. He said the senate would pass it by September 1, with at most ten days to two weeks for conference. He added the currency bill would pass in mid September and the length of the session would depend on the senate’s willingness to act on the currency bill.
Notice lists sealed proposals for the Eastern Department bidding cycle from October 1, 1913, to June 30, 1914. Interested parties must submit materials by August 1, with information furnished upon request to the Depot Quartermaster.
The City of Raleigh announces sale of the Market House and site in its business district. Bids must be addressed to the Mayor and received by 12 o'clock noon on August 11, 1915. The property faces Parkerville Street and Wilmington Street, with multiple surrounding banks, offices, hotels, and a new courthouse planned, estimated near 2500000 dollars in value. Terms require one-third cash and balance over two years. delivery not later than May. Printed blueprints and further details available on request.
Contractors are invited to bid on the Dinkie Haxt Building to be erected at Tallebatsee Florida State College grounds. Bids must be received by 6 pm August 24 at the Windsor Hotel Jacksonville and sent to PF R. Yang er, Chairman. A certified check of 1000 for building and 300 for heating is required. bids may be rejected. Subcontractors may obtain ratings and applications for use of name by paying cash.
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